Action against Respondent, a registered broker-dealer, in connection with alleged failure to supervise its registered representatives, who engaged in a pattern of providing unsuitable investment advice and conducting unsuitable trades for retail clients. The SEC alleges that Respondent failed to maintain adequate written policies and failed to supervise its registered representatives. Respondent has agreed to pay disgorgement of $193,774.86, prejudgment interest of $23,436.78, and a civil penalty of $193,774.86.
Related to In reBarry T. Eisenberg
Related to In re Philip A. Noto II